Appointed as Senior Advisor to HCL Technologies and HCL Corporation

HCL Technologies has announced that Vineet Nayar has stepped down from the board of the software services firm to devote more time to his foundation.

Mr. Nayar, who has been a director of the company since 2008, will continue to engage with HCL Technologies and HCL Corporation as a senior advisor, HCL Technologies said in a statement.

In this role, he will advise HCL Corporation on key strategic issues, and work with the board of HCL Technologies on initiatives such as driving a high performance culture among senior managers and new strategies for growth.

More than two decades after joining HCL Technologies, Mr. Nayar stepped down from the post of CEO in January to make way for the next generation of leaders to steer the company.

He, however, continued to work as Vice-Chairman and Joint Managing Director of the company.